So, Brexit happened. What now? Well, for starters, we can expect less quality content from U.K. film producers.

On June 24, which shall henceforth be known as Voldemort Day (just roll with it), Britain voted to exit the EU.

Not only could this have disastrous consequences for the British economy, its trade agreements and the conditions of workers, but there’s also a clear fallout that’ll influence Hypable readers directly: The film and TV industry.

As Britain is (was) a part of the EU, the British entertainment industry helped fill quotas of content for EU distribution. By voting itself out of the EU, the British market just lost a major distribution source.

Related: J.K. Rowling, Neil Gaiman, Hugh Laurie, more react to #Brexit: “What have we done?”

There’s also the question of talent, both in front of and behind the camera. Without free movement (of both people and equipment), not only will the U.K. be unable to rely on crew exchange and cross-border apprenticeships, but U.K. filmmakers can’t seek work and experience elsewhere. The cut-off from the European talent pool could very well lead to creative stagnation.

Regional programming and smaller productions are so reliant on EU funding, we’ll likely see a lot of that fall away.

All of these worries were brought up by top U.K. producers ahead of the referendum.

And, on the morning after, chairman of the Independent Film & Television Alliance Michael Ryan released an alarming statement confirming the dire prospects of British entertainment going forward:

“The decision to exit the European Union is a major blow to the U.K. film and TV industry. This decision has just blown up our foundation – as of today, we no longer know how our relationships with co-producers, financiers and distributors will work, whether new taxes will be dropped on our activities in the rest of Europe or how production financing is going to be raised without any input from European funding agencies. The U.K. creative sector has been a strong and vibrant contributor to the economy – this is likely to be devastating for us.”

We shudder to think what the future of entertainment could look like if the entire foundation for employment and distribution breaks down. Time will tell.